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Monday, October 28, 2013

Reuters Money: Wealth managers say they hear 'nary a tweet' for Twitter's IPO

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10/28/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Wealth managers say they hear 'nary a tweet' for Twitter's IPO
NEW YORK (Reuters) - Twitter Inc has set a relatively modest price range for its closely watched initial public offering, but some financial advisers say their clients are not clamoring to invest in the social media phenomenon.
Research costs reform seen squeezing fund firm profits
LONDON (Reuters) - Moves to revolutionize the way global fund managers pay banks for company research could slash the profitability of their equity funds business by up to 50 percent, research has showed.
U.S. consumer sentiment slides in October on government shutdown
NEW YORK (Reuters) - U.S. consumer sentiment dropped in October to its lowest level since the end of last year as consumers worried congressional dysfunction and the resulting partial shutdown of the federal government would hurt growth, a survey released on Friday showed.
Analysis: Fund managers missed the Tesla boat, still overlooking Musk
NEW YORK (Reuters) - Mutual fund stock pickers like to say they earn their higher fees because they spot good companies before they rally. But this year, many of those fund managers missed out on one of the hottest stocks in the U.S. market.
Halloween's frightful tab, and how to hold the line
NEW YORK (Reuters) - The other day my 13-year-old, Jake, said, "Let's dress Katie up as a bat for Halloween."
Wall Street T-bill stockpile surged before U.S. debt deal
NEW YORK (Reuters) - In a seeming game of hot potato, Wall Street's top firms were stuck with short-term U.S. government debt that no one wanted before Washington struck an 11th-hour deal last week to avert a default.
How to hack the most popular Halloween costumes
NEW YORK (Reuters) - As perennial as Halloween are the princesses, Batmans, witches and pirates that the National Retail Federation says are the most popular costumes, year after year.
Window-shop for health insurance now, buy later
NEW YORK (Reuters) - Frustrated by the new U.S. federal and state health insurance exchanges?
Millions of seniors miss out on Medicare prescription drug savings
CHICAGO (Reuters) - More than 2 million people on Medicare could be getting their prescription drugs nearly for free, but don't. That's because they have not signed up for Extra Help, an important Medicare benefit that subsidizes drug costs for low-income senior citizens.
Asset managers post outflows after big investors grew cautious
BOSTON (Reuters) - Investors pulled billions of dollars out of several large asset managers in the third quarter, the firms said on Thursday, reflecting increasing caution among institutional clients.
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